UBPETCH@EC2703A

Kunlun Tongzhou Bay Strategic New-Economy Equity Investment Fund Established, with a Capital of 1 Billion Yuan

Kunlun GONGRONG Dianhang Strategic New Fund Partnership Established

BOCI Raises PetroChina Target Price to HKD12.85 and Maintains Buy Rating

BOC International Raises Profit Forecast for CNOOC 2026-2028

HSBC Research Maintains Buy Rating and Upgrades Target Price for PetroChina H Shares

China Everbright Securities Publishes Report Analyzing PetroChina's Q1 2026 Earnings at New High

China Authorizes State-owned Refiners to Export 5 Million Tons of Fuel to Alleviate Supply Issues

CLSA Reports: PetroChina's First Quarter Performance Robust, Stronger Q2 Growth Expected

China National Petroleum Corporation Holds Meeting to Emphasize Supply Security and External Challenges

China National Petroleum Corporation Q1 2026 Net Profit Grows Amid Revenue Decline

PetroChina released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue HKD 834.87 B (forecast HKD 889.34 B), actual EPS HKD 0.2993 (forecast HKD 0.3061)

State-owned oil firms seek to resume fuel exports

CNPC LNG receiving station cumulative output exceeds 100 billion cubic meters

China National Petroleum Reports Record-Breaking 2025 Annual Report

PETROCHINA to Release FY2026 Q1 Earnings on April 29 During-Market (BJT), Forecast Revenue HKD 892.33 B, EPS HKD 0.306

DBS Upgrades CNPC Earnings Forecast and Maintains Buy Rating

First Shanghai Securities and DBS Maintain Buy Rating for PetroChina

Kela 2-5 Well in Tarim Oilfield of PetroChina Exceeds 100 Billion Cubic Meters of Natural Gas Production

China National Petroleum Corporation 增持中国石油股票

HTI Publishes Forecast and Valuation Report on PetroChina's Future Performance

RADIANCE HLDGS

ANCHORSTONE

RIVERINE CHINA

REACH NEW HLDGS

FINELAND LIVING

NUR HOLDINGS

GOLDEN LEAF INT

UBOT HOLDING

MAN YUE TECH

06656

01276

01766

06869

00857

02513

00100

06288

02476

02338

SIGENERGY(06656) rose 6.7%, with a trading turnover 173.6 Million HKD, and a year-to-date rose 74.3%. HENGRUI PHARMA(01276) rose 4.84%, with a trading turnover 1.4 Billion HKD, and a year-to-date fell 2.5%. KNOWLEDGE ATLAS(02513) fell 6.56%, with a trading turnover 779.8 Million HKD, and a year-to-date rose 622.9%. MINIMAX-W(00100) fell 6.31%, with a trading turnover 881.7 Million HKD, and a year-to-date rose 318.5%.

Top Gainers&Losers

SIGENERGY

HENGRUI PHARMA

CRRC

YOFC

PETROCHINA

KNOWLEDGE ATLAS

MINIMAX-W

FAST RETAIL-DRS

WEICHAI POWER

Top 5 HK Stock Gainers/Losers (>100B) (5.12)

601857

512480

On May 12, the Hong Kong stock market fluctuated lower, with all three major indices closing in the red. The Hang Seng Tech Index fell by 0.70%. Affected by concerns over AI infrastructure costs and a "memory tax," the memory chip sector plunged collectively, with related ETFs dropping more than 6%. In contrast, Hengrui Medicine, catalyzed by a blockbuster $15.2 billion BD agreement, and oil and gas resource stocks, supported by risk-aversion sentiment, performed actively. Trends among tech heavyweight stocks diverged; Tencent topped the turnover list but saw its share price decline

Market Pulse

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC Guozheng Semiconductor Chip ETF

Guotai CSI Oil & Gas Industry ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

E Fund CSI Semiconductor Material & Equipment Thematic ETF

E Fund CSI Petrochemical Industry ETF

Bosera CSI Oil & Gas Resources Index ETF

Harvest SSE STAR Chip ETF

Guotai CES Semiconductor Chip Industry ETF

China Universal CSI Oil & Gas Resources ETF

Guotai CSI All Share Integrated Circuit ETF

Harvest CSI All Share Integrated Circuit ETF

Yinhua CSI Oil & Gas Resources ETF

China Merchants CSI Semiconductor Industry ETF

ChinaAMC CSI Petrochemical Industry ETF

Hang Seng Index

Hang Seng China Enterprises Index

Hang Seng TECH Index

TENCENT

KUAISHOU-W

NTES-S

XL2CSOPHYNIX

XL2CSOPSMSN

SMIC

HUA HONG SEMI

ZIJIN MINING

Zijin Mining

Hengrui Pharma

Bristol Myers Squibb

CNOOC

CMOC

MEITUAN

BABA-W

Alibaba

BIDU-SW

Baidu

BANK OF CHINA

Bank Of China

CHINA RES LAND

NUOBIKAN

DEEPEXI TECH

XIAOMI-W

MONTAGE TECH

HSCEI ETF

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

KUAISHOU-WR

NetEase

SMIC HK SDR 5to1

Hua Hong

PetroCN HK SDR 1to2

Bristol-Myers Squibb Company

CNOOC-R

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

BABA-WR

Alibaba HK SDR 5to1

BIDU-SWR

BOC HONG KONG

Bank of China

AIA-R

AIA Group

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

Montage Technology

HK Stocks Close | All Three Major Indices Fall, Resources and Pharma Stocks Buck the Trend, Memory Chip Sector Plunges

At midday, the HSI rose by 79 points (0.3%) to 26,486, while the HSTI fell by 19 points (0.4%) to 5,086. Notable movers included PetroChina, which increased by 4.6%, and several stocks hitting new highs, such as BOC Hong Kong and YOFC. Active stocks included Meituan and Tencent, with varying short selling ratios. Overall, the market showed mixed performance with some stocks gaining significantly while others declined.

AASTOCKS News

GOFINTECH QUANT

CHINA POWER

GUANGDONG INV

POP MART

LENOVO GROUP

XINYI GLASS

WELLCELL HOLD

TIME INTERCON

POP MART HK SDR 20to1

LENOVO GROUP-R

Lenovo Group

HSI Closes Midday at 26,486, Up 79 pts; HSTI Closes Midday at 5,086, Down 19 pts; PETROCHINA Up over 4%; BOC HONG KONG, YOFC, GOFINTECH QUANT, CHINA POWER, GUANGDONG INV Hit New Highs

BABX

03037

The Hong Kong stock market has seen gains of over 770 points or 2.8% recently, with the Hang Seng Index currently above 26,625 points. However, a soft start is anticipated due to global market trends and profit-taking amid Middle East conflict uncertainties. On Thursday, the index rose by 412.50 points (1.57%) to close at 26,626.28, driven by financial and technology stocks. Notable movements included Alibaba up 4.99% and PetroChina down 8.48%. The outlook remains cautious as U.S. markets showed weakness, impacting Asian bourses.

nasdaq

BABA 2x Long Daily ETF - GraniteShares

CSOP HSI ETF

Lower Open Called For Hong Kong Shares

06082

06809

00669

00087

01347

01171

00883

01898

01088

BIREN TECH(06082) rose 14.8%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 198.7%. MONTAGE TECH(06809) rose 11.19%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 234.5%. PETROCHINA(00857) fell 8.48%, with a trading turnover 3.4 Billion HKD, and a year-to-date rose 27.6%. YANKUANG ENERGY(01171) fell 6.73%, with a trading turnover 974.1 Million HKD, and a year-to-date rose 52.8%.

BIREN TECH

TECHTRONIC IND

SWIRE PACIFIC B

YANKUANG ENERGY

CHINA COAL

CHINA SHENHUA

Top 5 HK Stock Gainers/Losers (>100B) (5.7)

01333

01440

02465

00568

00861

02579

02940

02477

00650

BRETON(01333) fell 17.52%, with a trading turnover 138.9 Million HKD, and a year-to-date fell 36.5%. STAR SHINE HLDG(01440) fell 15.39%, with a trading turnover 42.7 Million HKD, and a year-to-date rose 76.9%. LOPAL TECH(02465) fell 9.68%, with a trading turnover 512.7 Million HKD, and a year-to-date rose 50.6%.

BRETON

STAR SHINE HLDG

LOPAL TECH

SHANDONG MOLONG

DC HOLDINGS

CNGR

PRODUCTIVE TECH

Top 10 HK Stock Losers (5.7)

00386

600028

EMLP

The US and Iran have reportedly agreed to gradually reopen the Strait of Hormuz, leading to a relaxation of the US maritime blockade. This development caused international oil prices to drop nearly 3%, with Brent and New York oil futures at USD98.46 and USD92.52 per barrel, respectively. Consequently, shares of major HK-listed oil companies fell sharply, with PETROCHINA down over 8%, CNOOC down nearly 6%, and SINOPEC down about 1.5%.

SINOPEC CORP

Sinopec Corp.

First Trust North American Energy Infra Fd

US, Iran Purportedly Forge Consensus to Free Stranded Vessels in Strait; PETROCHINA Dives 8%+

PetroChina's stock fell over 7% amid a significant drop in oil prices, which plummeted by more than 10% due to market optimism regarding a potential US-Iran peace agreement. The stock hit an intraday low of HKD10.71 before closing at HKD10.85, down 7.1%. Other oil companies like CNOOC and Sinopec also experienced declines. In contrast, airline stocks such as Cathay Pacific and Air China saw gains of around 4.5% to 4.6%.

PETROCHINA  Extends Afternoon Losses to Over 7%; YANKUANG ENERGY Slumps 7%

On the afternoon of May 7th, the three major indices of the Hong Kong stock market continued their strong upward trend, with the Hang Seng Tech Index leading the market with an increase of over 3%. The AI wave continues to ferment, with Tencent's impressive large model data driving the tech sector's weights to strengthen across the board, and Kuaishou soaring nearly 8%; NVIDIA's increased investment in the optical supply chain, combined with the upward revision of storage chip valuations, catalyzed a strong rally in the semiconductor and optical fiber cable sectors. Conversely, traditional energy stocks such as oil and gas and coal suffered significant declines due to the impact of rising expectations for a ceasefire in the Middle East, leading to a drop in international oil prices

TRACKER FUND

Samsung Electronics 

KB LAMINATES

FIT HON TENG

NVIDIA

Lumentum

Coherent Corp.

Hong Kong stocks intraday | Technology stocks collectively strengthen, oil and gas stocks fall against the trend, semiconductor sector leads in gains

UBPETCH@EC2703A(29291.HK)